Last week, the Coca-Cola Company released the fourth-quarter results. This information once more underlined that despite the problems, the company was able to surpass the expectations.
For example, the Asia Pacific unit volume rose by 2% even though the company experienced problems in China.
Moreover, sales in the U.S., as well as other parts of the world, increased in the fourth quarter.
In Latin America, unit case volume rose by 3% fueled by acquisitions in Central America.
It is important to mention that in 2020 the company estimates organic revenue will grow by 5%. Adjusted earnings per share will increase by 7% to $2.25.
Furthermore, analysts are even more optimistic when it comes to earnings outlook. They believe that earnings per share would reach $2.26 for fiscal 2020.
In 2020, the company will launch a new flavored sparkling water line AHA.
Coca-Cola and fourth-quarter results
In the fourth quarter of 2019, fiscal net income reached $2.07 billion or 47 cents per share. As a result, compared with the same period in 2018, net revenue rose by more than $1.1 billion.
The Coca-Cola Company was able to meet the expectations as, without impairment charges, refranchising gains, and other items, the company earned 44 per share.
As of January 30, the stock rose by 22% over the last 12 months.
Additionally, net sales jumped 16% to $9.07 billion. This result also surpassed expectations. New products such as Coke Plus Coffee as well as the expansion of Coke Zero Sugar, boosted sales during the last quarter of 2019. Subsequently, the Coca-Cola Company reached the best result in eight years.
The company focused on healthier options to attract customers, as demand for the soda fell company had to offer other beverages.
Coca-Cola Company dates to the 19th century. This fact shows that the company knows how to adapt to the everchanging market conditions.